The real wage rate is the ________ divided by the ________
A) equilibrium quantity of employment; potential GDP
B) nominal wage rate; inflation rate
C) nominal wage rate; price level
D) quantity of labor demanded; quantity of labor supplied
E) quantity of labor supplied; quantity of labor demanded
C
Economics
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In 2010, personal consumption expenditures constituted ________ percent of nominal GDP
A) 70.6 B) 17 C) 18 D) -5.4
Economics
Lump sum transfers ________ because they _______.
A. compromise efficiency; distort choices B. don't compromise efficiency; distort choices C. compromise efficiency; don't distort choices D. don't compromise efficiency; don't distort choices
Economics